Is Norman, AR 71960 a buyer’s or seller’s market?
Norman is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Norman housing market right now
In the three months ending August 31, 2026, 0% of homes in Norman, AR 71960 sold above their list price, the typical home went under contract in 244 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (125 days then) and the median sale price held steady to $344,851. Overall, Norman is less competitive than a year ago, which gives buyers more room.
Within Montgomery County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 71960
Nearby markets
Caddo Gap 71935Buyer’s market $164 /sq ftMount Ida 71957Balanced $229 /sq ftOden 71961Seller’s market $253 /sq ftPencil Bluff 71965Seller’s market $116 /sq ft Browse all markets →Towns like Norman nearby
Find towns like Norman in other states →Where Norman is
Loading map…
Questions about Norman real estate
Is Norman a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Norman, AR 71960 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Norman?
The typical home went under contract in 244 days in the latest three months.
Do homes in Norman sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Norman?
About 0.32% of a home’s value a year in Montgomery County, or roughly $1,280 on a $400,000 home.
What is the median home price in Norman?
The median sale price was $344,851 in the three months ending August 31, 2026, about $319 per square foot.
Local agents
See all agents in 71960 →No sponsored agents in 71960 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 71960
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology